| Product Code: ETC4746425 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s meta-xylene import market in 2024 continued to be dominated by key exporters such as Finland, Estonia, Germany, UK, and Austria, indicating a consistent flow of shipments into the country. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market landscape. However, the negative Compound Annual Growth Rate (CAGR) of -17.04% from 2020 to 2024, coupled with a significant decline in growth rate of -28.43% from 2023 to 2024, indicates a challenging environment for meta-xylene imports in Latvia, possibly influenced by various economic factors or shifts in demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Meta-Xylene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Meta-Xylene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Meta-Xylene Market - Industry Life Cycle |
3.4 Latvia Meta-Xylene Market - Porter's Five Forces |
3.5 Latvia Meta-Xylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Meta-Xylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for meta-xylene in various industries such as plastics, chemicals, and textiles |
4.2.2 Increasing research and development activities for the production of bio-based meta-xylene |
4.2.3 Favorable government regulations promoting the use of meta-xylene in eco-friendly applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of meta-xylene |
4.3.2 Intense competition from substitute products in the market |
4.3.3 Volatility in global economic conditions affecting the overall demand for meta-xylene |
5 Latvia Meta-Xylene Market Trends |
6 Latvia Meta-Xylene Market Segmentations |
6.1 Latvia Meta-Xylene Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Meta-Xylene Market Revenues & Volume, By Isophthalic Acid Production, 2021-2031F |
6.1.3 Latvia Meta-Xylene Market Revenues & Volume, By 2,4-Xylidine and 2,6-xylidine production, 2021-2031F |
6.1.4 Latvia Meta-Xylene Market Revenues & Volume, By Solvent, 2021-2031F |
7 Latvia Meta-Xylene Market Import-Export Trade Statistics |
7.1 Latvia Meta-Xylene Market Export to Major Countries |
7.2 Latvia Meta-Xylene Market Imports from Major Countries |
8 Latvia Meta-Xylene Market Key Performance Indicators |
8.1 Capacity utilization rate of meta-xylene production facilities in Latvia |
8.2 Percentage of meta-xylene produced using sustainable practices |
8.3 Number of new applications or industries adopting meta-xylene as a key raw material |
9 Latvia Meta-Xylene Market - Opportunity Assessment |
9.1 Latvia Meta-Xylene Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Meta-Xylene Market - Competitive Landscape |
10.1 Latvia Meta-Xylene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Meta-Xylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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